New Year rally wanes for FTSE 100 while pound gains ground
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy London’s FTSE 100 has struggled to hold on to gains in a choppy day of trading for global markets, while the pound strengthened after dropping to an eight-month low against the dollar. Given the strength of the US economy, the Federal Reserve looks set to be more reticent about cutting rates than the Bank of England Susannah Streeter, Hargreaves Lansdown Investors will be hoping for good news after new data from the British Retail Consortium showed shopper numbers fell over December for the second year in a row, with high streets and shopping centres hit particularly hard. In company news, low-cost airlines Ryanair and Wizz Air both said they saw growing numbers of passengers in December, even though there was disruption to flights over the Christmas period at several major UK airports.